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When you register or open QuickBooks, you see one of these error messages:

Could not initialize license properties. Error 3371: QuickBooks could not load the license data. This may be caused by missing or damaged files.

Could not initialize license properties. [Error 3371, Status Code -11118] QuickBooks could not load the license data. This may be caused by missing or damaged files.

Could not initialize license properties. [Error: 3371, Status Code -1] QuickBooks could not load the license data. This may be caused by missing or damaged files.

Important: This issue can occur if your product is hosted by Right Networks and you access QuickBooks with WebConnect and then select to open the file without saving. If you use QuickBooks Enterprise and your product is hosted by Right Networks, you must save the file and then import it.

How to fix it:

Before proceeding, ensure that your copy of Microsoft Windows is up to date.If the latest Windows updates are not installed, the QuickBooks installation can fail or become damaged. To install the latest updates in Windows, click the Windows Start or Logo button, choose All Programs > Windows Update. Once started be sure to install any updates marked critical.
You may need to re-install your software. Have your license number and product number for your version of QuickBooks ready.

Try these steps in the order shown. If the first one fixes the problem, you do not need to do the other steps.

Click this link and follow steps to restore a backup for use with an earlier QuickBooks version.
Prepare you file for updating.
Close the company file in the previous version.
Open the company file that has been rebuilt and update to the new version.
Rebuild the company file in the new version of QuickBooks to ensure the error does not occur.

Why is this happening
This
issue can occur as a result of uninstalling the Google Desktop installed by Quickbooks on a computer running Microsoft Windows Vista. Launching
QuickBooks after uninstalling Google will cause the error message.

Note:
This issue is also known to occur with computers that have been
upgraded from Windows XP to Windows Vista, where Google Desktop was
uninstalled under Windows XP. Both cases would yield the same error
message.How to fix the problem
This issue was resolved in the latest release for your version of QuickBooks.
Detailed Instructions
Please update your program to the most current release.

just click on that link above then click on the (update) image on that page.

Run a system restore and restore your computer to a time before you did the windows update. If the update caused QB not to open, the restore will remove the update from your computer. To access system restore, click on start, programs, accessories, system tools, system restore...and follow the onscreen instructions.